FICC Focus cover image

Bonds Are Not Vegetables Says HSBC’s Steven Major: Macro Matters

FICC Focus

00:00

Shifting Trends in Consumption: From Goods to Services

This chapter explores the evolving trends in personal consumption, emphasizing the shift from goods to services in the US and Europe over the past 40 years. It examines the impact of demographic changes, including immigration and its effects on economic growth, inflation, and wage dynamics.

Transcript
Play full episode

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app